466 Lee Street, Mount Gilead, OH 43338

$1,308,500
Property Type: Multi-Family Lot Size (sq. ft.): 60,548 Status: Closed
Current Price: $1,308,500 List Date: 11/24/2021 Last Modified: 2/20/2025

Overview

Description

Multi-Unit Housing opportunity for sale. Rare 30-unit apartment complex for sale in Mount Gilead. In 2018, all units were completely gutted to the bare walls, all units rehabbed and currently 100% occupied. Great multi tenant investment. Please do not disturb Tenants/Employees!!!

Listing Details MLS# 221045932

Location Property Info

Original List Price
1300000
Property Sub Type
Flat
Street #
466
Street Name
Lee
Street Suffix
Street
County
Morrow
State
OH
Zip Code
43338
School District
MT GILEAD EVSD 5903 MOR CO.
Township
Gilead

OfficeContract Info

MLS Entry Date
2021-11-24

General Property Info

Number of Units
30
Building Sqft
7056
Year Built
1974
Built Prior to 1978
Yes
Acreage
1.39

Tax Info

Parcel #
G20-0010001402
Tax Year
2020
Tax Abatement
No
Taxes (Yrly)
8664

Status Change Info

Under Contract Date
2021-11-29
Sold Date
2021-12-30
Sold Price/SqFt
185.45

1 Bedroom

1 Bedroom # of Units
6

More Information

2 Bedroom

2 Bedroom # of Units
24

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
184.24
City (Mailing Addr)
Mount Gilead
Corp LimitPerAuditor
Mt Gilead

Office/Contract Info

For Sale
Yes
Exchange
No

Remarks & Misc

Property Description
Multi-Unit Housing opportunity for sale. Rare 30-unit apartment complex for sale in Mount Gilead. In 2018, all units were completely gutted to the bare walls, all units rehabbed and currently 100% occupied. Great multi tenant investment. Please do not disturb Tenants/Employees!!!

Income/Expenses

Gross Income
218137
Net Operating Income
75460
Total Expenses
142677

Addl Acceptance Cond

None Known
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: Howard Hanna Real Estate Svcs
Listing Agent: Timothy M Weber
Last Updated: February - 20 - 2025
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